Euronav (NYSE:CMBT) Trading Up 6.3% – What’s Next?

Euronav NV (NYSE:CMBT)’s share price was up 6.3% on Monday . The stock traded as high as $9.50 and last traded at $9.68. Approximately 21,004 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 84,433 shares. The stock had previously closed at $9.11.

Euronav Stock Down 1.4 %

The company has a current ratio of 1.29, a quick ratio of 1.22 and a debt-to-equity ratio of 1.91. The firm’s 50 day simple moving average is $10.22 and its two-hundred day simple moving average is $12.28. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 1.59 and a beta of -0.13.

Hedge Funds Weigh In On Euronav

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vident Advisory LLC acquired a new position in shares of Euronav in the 4th quarter valued at approximately $1,124,000. State of Wyoming acquired a new position in shares of Euronav in the 4th quarter valued at approximately $37,000. Millennium Management LLC acquired a new position in shares of Euronav in the 4th quarter valued at approximately $144,000. Bank of America Corp DE acquired a new position in shares of Euronav in the 4th quarter valued at approximately $553,000. Finally, Uniplan Investment Counsel Inc. acquired a new position in shares of Euronav in the 4th quarter valued at approximately $4,261,000.

Euronav Company Profile

Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company offers floating, storage, and offloading (FSO) services. It also owns and operates a fleet of vessels. The company was incorporated in 2003 and is headquartered in Antwerp, Belgium.